Latest Property Casualty Headlines
All the headlines from our Property Casualty Topic Page, ordered by recency.
China’s Bank of Communications to Launch Mainland P/C Unit
Aug 23 2005 // Reports from a number of sources (Bloomberg, Asia Pulse) indicate that China’s Bank of Communications Ltd. (BC) is planning to form a partnership to enter the P/C business on the mainland. BC, China’s fifth...
Cincinnati Financial Corp. Honored for Five-Year Financial Performance
Aug 23 2005 // Cincinnati-based insurance consulting firm The Ward Group has recognized Cincinnati Financial Corp. and Western & Southern Financial Group for their five-year financial performance. Ward’s honored Cincinnati...
Allmerica Notes Sale of Life Biz; Focus Now on P/C Sales
Aug 22 2005 // Massachusetts-based Allmerica Financial Corporation announced Monday that it has entered into a definitive agreement to sell its run-off variable life insurance and variable annuity business to The Goldman Sachs Group...
USI Holdings Finalizes Purchase of Calif. P/C Operation
Aug 22 2005 // USI Holdings Corporation announced the closing of the acquisition of Burlingame, Calif.-based retail property & casualty firm operating as Winthrop Insurance Plans. This operation has been providing employee property...
Barometer Shows Premiums on the Decline for Contractors Market
Aug 22 2005 // MarketScout began tracking property and casualty pricing trends in 2001 in an effort to share the pricing results of insurance placements related to their 50,000 member agent network. The monthly market trends are...
People
Aug 22 2005 // The National Association of Government Labor Officials (NAGLO) during its 2005 summer conference elected Minnesota Department of Labor and Industry Commissioner Scott Brener president. With members from more than 30 U.S....
Drawert Honored with ICT Award as Insurers Celebrate Improvements
Aug 22 2005 // Jim Drawert, vice president and chief underwriting officer for The Republic Group, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 13th Annual Mid-Year Property and Casualty...
Marcus Humphrey
Aug 22 2005 // McQueary Henry Bowles Troy LLP (MHBT), based in Dallas, recently named Marcus Humphrey vice president and leader of the firm’s Employee Benefits group. As vice president, Humphrey’s primary responsibilities...
TDI Notes July Enforcement Actions Taken by Geeslin
Aug 18 2005 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during July. The actions include seven license revocations, one license denials and fines and restitution...
Atlantic American Unveils Q2 Numbers
Aug 18 2005 // Atlanta-based Atlantic American Corp. announced net income of $1.2 million, or $0.04 per diluted share, for the second quarter ended June 30, 2005, compared to net income of $1.1 million, or $0.04 per diluted share, for...
Weiss Ratings: P/C Insurers Earn $41.3 Billion in 2004
Aug 15 2005 // Apparently unfazed by last year’s devastating hurricane season, the nation’s property and casualty insurers reported profits of $41.3 billion in 2004, representing a 28 percent increase over the $32.3 billion...
Kansas, Missouri Insurers Grew Profits in 2004
Aug 15 2005 // Forty-four property and casualty insurance companies based in Missouri reported total earnings of $224 million in 2004, compared with a loss of $423.5 million in 2003, according to Weiss Ratings Inc. In Kansas, 22 property...
Nationwide Mutual Targets Ohio, National Minorities for P&C Sales
Aug 11 2005 // Nationwide Mutual Insurance Co. is targeting minorities to grow its property and casualty insurance business. Beginning this month, the Columbus, Ohio-based insurer has tailored its “Life comes at you fast” ad...
Adam Corporation Subsidiary Reliable Reports Completes Acquisition of CIG
Aug 10 2005 // LEWISVILLE, TEXAS (July 26, 2005) – The Adam Corporation/Group (“TAC”), a privately owned holding company, announced today that its wholly owned subsidiary Reliable Reports, Inc. (“Reliable”)...
ISO: P/C Industry Ends 26-Year Drought, Breaks Surplus Records
Aug 8 2005 // Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses. Powered by the best underwriting results in almost three...
Getting Serious About Regional Carrier Solvency
Aug 8 2005 // Demotech Inc. recently completed an exhaustive study of its 23,118 insurance company Preliminary and final Financial Stability Ratings (PFSRs and FSRs) issued from 1989 through 2004 and found that regional and specialty...
ISO: P/C Industry Ends 26-Year Drought, Breaks Surplus Records
Aug 8 2005 // Ending a 26-year drought, insurers posted a $5 billion net profit on underwriting in 2004, despite slowing premium growth and a deluge of catastrophe losses. Powered by the best underwriting results in almost three...
Higginbotham Expands Austin Property/Casualty Operations
Aug 5 2005 // Independent insurance brokerage firm Higginbotham & Associates announced the addition of sales associate Scott McGuire to its newest branch office, Austin, Texas. McGuire is the third addition this year, more than...
AFG Posts Q2 Earnings Topping $81M
Aug 3 2005 // Cincinnati, Ohio-based American Financial Group Inc. (AFG) reported net earnings for the 2005 second quarter of $81.6 million ($1.04 per share), significantly above the $55.9 million ($.75 per share) reported for the...
The McIntyre Group Adds Geiger to Account Management Team
Aug 3 2005 // The McIntyre Group, based in Cherry Hill, N.J., has added Michael A. Geiger to its account management team. Geiger will be responsible for overseeing large clients with complex risk exposures at The McIntyre Group. Geiger...
